Surprise Medical Bills

 

Flaw in ban on Surprise Medical Bills

If you have a medical emergency, you will no longer need to worry about a large bill from a doctor you did not choose—MAYBE. The 2022 “No Surprises Act” is supposed to protect us against most surprise out-of-network medical bills. For Good Samaritans who donate organs this has always been the rule. However, because of the complexity of dealing with 4 or more institutions regarding medical procedures and their medical billing procedures, you may get caught in a fight with bill collectors they sell the ‘receivables’ to. (Remember, bill collectors get paid to collect the debt they purchased, not to correct a mistake a previous institution made.) Also, know that our Reps gave some providers’ lobbyists a break in which charges are exempt from the law. The ambulance industry CAN charge you even if you didn’t pick the one the in-network institution uses. Another example: I just got a bill from a provider I did not pick. My doctor immediately called in his favorite X-ray person in the same building to do my X-ray since I was in need and the machine was down the hall. So in our medical system, each entity that provides something; anything; that can be coded (an aspirin, X-ray, swab kit, glove, cold/hot pack, etc etc) will add to our bill. If you look at your hospital bill, you will be shocked to find an aspirin can cost $30. If you insist on brand Tylenol instead, it costs more. A trip to the hospital can cost more than a bomb the Air Force pays to arm its fighters.

 

What we regret most

Regret: I wish I had done something or not done something in the past. In The Power of Regret, Daniel Pink asked 16,000 in 105 countries about their top regrets. People regret not building a strong foundation — that is, not saving money early, not being prudent," Pink says. "With financial regrets, they're less about not hitting a home run and more about not regularly getting on base." It is TIME in the market not brilliant advisor stock picking that builds wealth. No advisor can be right all the time so in the long run, you lose more than you gain. The average advisor-managed account earned just 3.79% vs 11% for a pure low-cost stock market index fund. It is the high fees and bad market timing that ruins your investment plans. Starting early, using your average tax refund or $250 a month in a low-cost stock index fund like Warren Buffett recommends provides your best chance of providing an above average retirement income.  

Avoid advisor fees: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Why unbiased financial leaders say use a fiduciary

A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. This is the kind of person you want to handle your money and life choices. Otherwise you become an ongoing meal ticket for a salesperson and their firm’s owner. Fidelity owners, the Johnson family, have a net worth of 36 Billions. They did not get to that level working 9 to 5. They take fees every year from your savings and investment accounts (if your money is at Fidelity). On the other hand, Vanguard Group of funds is owned by its investors. You get financial products and services at cost: No middle person fees and charges. Low-cost stock index funds, like Warren Buffett recommends, provide you with your best chance of gaining an above average retirement income. Earn market rates of return not the Johnson’s rate. I don’t work for Vanguard. I moved my money from Fidelity because I earn more at Vanguard. They just cut their fees again—Target Retirement Funds—1/5^th the cost of others. I keep more!

Buy at cost and save: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

 

Another way wealth people make us pay their taxes

Passing on $ billions tax-FREE to the kids who never have to work and contribute to our society. Shale King Harold Hamm Is Passing Billions To His Heirs Tax-Free. If the kids don’t pay taxes on their $2.3 billions, we will be stuck paying for the courts, highways, airports, and armed forces they depend on. His lawyers carefully structure transactions so they benefit heirs but aren’t technically gifts at all. Thus no gift or estate taxes are paid. Yet he controls the company that provides the wealth. Filings show Hamm used an LLC and more than a dozen different trusts to complete the transfers. Phil Knight used a variety of techniques to move billions of dollars to his family tax-free. Eric Yuan transferred $6 billion worth of shares to unspecified beneficiaries for “estate planning” reasons last March. Late casino mogul Sheldon Adelson shuffled shares of Las Vegas Sands Corp. in and out of more than 30 trusts to pass along at least $7.9 billion to family members. Cosmetics heiress Jane Lauder became an overnight billionaire in 2013 when she received L’Oreal SA shares worth more than half a billion dollars. Our so-called ‘representatives’ wrote the tax laws that let them pay NOTHING. You have one way to avoid paying THEIR taxes.

Use your legal tax-FREE account: https://www.amazon.com/Your-Wealth-ReserveTM-Tax-FREE-Investment/dp/1484954882

 

If you earn less than $100,000 a year, start investing NOW

The only way to have enough income in retirement is to start early. Why? Because most working people need time for the Miracle of Compounding to accumulate a large nest egg. It takes large contributions or a long time to have enough retirement assets to live on later. For instance, investing $250 a month for 35-40 years will provide a retirement income of about $45,000 for 30 years. You would need to triple that—or invest $750 a month—if you only have 25 years left to invest. If you wait to start, you will need $2,500 a month for 15 years to reach your goal. This assumes you can earn 10% a year on average in a low-cost stock market index account. This is the type recommended by Warren Buffett. If you rely on a high-fee broker/advisor, it may not be possible to reach your goal at their average of 5.19% annual earnings. Low cost beats high cost over time.

Use the Miracle of Compounding: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

 

Take all your special 2021 credits to offset taxes

2021 was a difficult year for most working Americans. Take all your credits: Child and Dependent Care Credit was supercharged through the 2021 American Rescue Plan. Parents can receive a tax credit worth as much as $8,000 — nearly four times the previous limit of $2,100. The Child Tax Credit provided funds throughout the year but some families may have been shortchanged. The expanded Child Tax Credit, by comparison, provides $3,600 for each child under six and $3,000 for children between 6 to 17. The fact that the tax credit is also fully refundable is important because it could boost the tax refund that many parents receive this year, experts say. Tax credits are dollar-for-dollar reductions in a person's tax liability, versus deductions that lower a person's overall taxable income. Save the $300-$600 tax prep cost by doing your tax return using IRS-approved tax software via IRS free file. Or AARP free tax prep. Do not mail your return since IRS is still processing 2019 paper returns. I just got my refund!

https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Social Security is the best annuity available

Insurance companies make a lot of money from annuities because you receive less than you invest with them. Yes, you are guaranteed payments for the rest of your life but unless you pay more now, your benefit will be cut by inflation over time. That means you receive less and less each month in buying power. At current levels of inflation your benefit will be worth about HALF the current payments in 20 years. Compare SS benefits: annual inflation protection—in 2022, benefits were increased by 5.9% at no extra cost to you. There is no policy charge, commission, admin fees, surrender charges, mortality expenses, investment expenses, or inflation rider fee. You can also create a low-cost income stream like an annuity to supplement your SS benefits.

Use the best: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

GOP guarantees itself a win

 

More subpoenas

 

 

How Govt wastes our money:

Ukraine the new Korea? Putin takes HALF (East of Dnieper) to save face at home

100 more incidents involving counterfeit parts in nuclear power plants in 2021

Manchin’s political veto gives friends $ millions in lobbying fees: making them wealthy

 

GOP asks truckers to come block highways in US: Putin hacker firm invites chaos

Another costly vacation: House returns to work Feb. 28 after Presidents Day recess.

IRS Adds Four “No Rule” Areas for Trusts Estates: wealthy avoid taxes; we pay their tax

 

 

SCAMS/SPINS:

WI Trumpers ban ballot drop boxes: WI supremes help GOP win elections

TX rejects thousands of ballots for primary: GOP secures win before election

Billionaire pays to oust GOP reps who voted to impeach dictator Wannabe: follow cash

 

Two MS whites chase Black FedEx driver in truck: 5 shots: another hate crime?

CA deputy shot Black homeless man in struggle for jaywalking arrest: no charges

FL former cop kills man in phone-in-theater dispute: ‘stand your ground’ defense

 

NYC employees comply with vaxx mandate or face losing their jobs: 940,000 dead

Employees don’t fight mandate for driving, guns, seatbelts, recycle, dog poop, taxes, etc

500 unruly passenger incidents first six weeks of 2022: GOP cancels US do-not-fly list

Is Putin trying to divide us again: fake Trump letter, fake crops, fake food supply chain

Zero Hedge, 1.2 million Twitter followers, published Moscow propaganda as truth

 

Volvo now owned by Geely, Chinese billionaire business magnate Li Shufu.

Fake ‘vintage’ goods sold are really new: ads for fake vintage stuff: get nothing

Russell Joseph Mutter caught $3.3 million financial fraud, fake statements 16 yrs prison

Mark Boucher, CA, caught stealing $2.2 mil by forging signatures, wire transfers, etc

Kenneth A. Welsh NJ caught stealing $1.9 mil fake wire transfers; arrest

CO elections clerk is sued after passing on voting data to groups behind disinformation

 

 

Royals pay up for Andy’s sex with minor accusation: it’s good to have Queen behind you

 

Hertz caught getting car renters arrested after mistakenly filing stolen vehicle report

 

Football $ 1 billion online gambling boom changes fans into transaction action addicts

NFL censured Super’s half-time show so some wouldn’t be offended: listen carefully.\

Email from Chase: review your contact info: but I don’t have a Chase account: scammer

Scammers reach $800 average take: can you spot them coming after you? Gov can’t

 

Chrysler now ‘Stellantis’ recalls 19,808 plug-in Pacifica Hybrid: charging fires

Tesla sued for killing driver when it ran into fire truck by itself: blinking lights attract

Sandy Hook families win $73 million vs Remington but Remington is bankrupt!

 

 

NFT marketplace shuts, citing 'rampant' fakes, plagiarism; so much for online only views

 

Trump and his two eldest children must comply with AG order to testify: take 5^th 500 X

Trump’s accountant: his businesses cooked the books, “inflated property values”

 

Trump threatens Clinton advisor with death for spying

 

Jobs

The adverts without the football on Sunday: vote on your favorite: $7 million/30 sec.

Some jobs can be done from anywhere if you have the right training or attitude

Citigroup head got 32% increase to cover inflation years in advance: live on $22 mil?

 

Least cost accredited college degrees: MBA, M Ed, MSIT

 

Who owns your account now?

Insurers push Congress to allow annuities as investment’s default: high fees cut earnings

“Americans can exercise Constitutional rights without hiring high-priced lawyer or lobbyist”

Investors not families buying up homes in critical areas in each city

 

New tax we paid to gambling industry: 2021 the highest-grossing year ever: $53 billion 

4 free Covid tests sent to your home: https://www.covidtests.gov/

Some student loan cancellations: fraud rampant in some: DeVry  ITT Technical Minnesota Business/Globe .

 

Miracles:

February 12: 49* at 8 AM northern NJ. Forty nine going to SIXTY! Warming?

Western US draught worst in 1200 years: hottest superbowl ever

This is how royals cut cake: stab down like killing a vampire

 

Space weather took out 40 SpaceX satellites: don’t look into the sun directly

Skaters using drugs OK as long as they use own script and grandpa’s and under age

MIT makes $4 water desalination machine: fresh water for the world

 

Eastern cities hit regularly with costly floods as sea rises faster next 30 years

Flowering plants multiplying in Antarctica as the climate crisis has warmed the summers

Woman Appears to Be Entirely Cured of HIV

 

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Advisor's universal advice

 

Advisor’s universal advice: “Long-term investing isn’t sexy. It just takes patience.” There is only one way to make sure they have enough for later life, this advisor warns athletes. “You’re wealthy today, but that doesn’t mean you’re going to be wealthy tomorrow.” “[They] get real loosey-goosey with the money they have in their bank account,” the advisor says. “You may be making $2 million one year — but the next, you could get cut and make zero.” Years ago, players were going broke or bankrupt after football. Now the NFL will match what they put in their 401(k) up to 200%. If you don’t have a matching 401k or 403b at work, an IRA can provide the same huge nest egg in retirement—it just takes time. There are two IRA flavors—tax-deferred or tax-FREE. A traditional IRA allows you to deduct up to $6,000 from your annual taxable income. You pay tax later when you take the money out for retirement income. A Roth IRA allows you to contribute AFTER tax money so your life-long gains in the account will be tax-FREE. $250 a month in a low-cost stock market index fund may grow to $1,000,000 in 37 years. You have contributed $111,000 but the full $1 million is tax-FREE. This may mean no income tax on your SS benefits too. $1 million to spend just takes patience.

You don’t need to earn an NFL salary: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Winning a contest or gambling is NOT the way to wealth

Amy Schneider Faces Tax Bill Of Over $630,000 After Record 'Jeopardy!' Win. Schneider won $1,382,800 but almost HALF goes to taxes. A better way to build wealth is to pay NO taxes on your income. Our tax system does provide a better way: tax-FREE earnings using a legal tax haven so that every penny you earn can be spent—no taxes. Hopefully Schneider has used this tax-FREE account for her regular job. She could have invested in the IRS-approved account during her work years and accumulated over $1 million and NOT have to pay taxes on the full $1 million. Avoid taxes like the rich.

Use your tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

 

You quit: What to do with your retirement money

People are looking for flexible work arrangements, higher pay and job security in their careers. Many are willing to leave their jobs to find something better. But what do you do with your old 401k or 403b? Some companies allow you to leave it in your old plan. However, you will need to monitor closely what is going on there. Sometimes when companies change hands, the former workers can’t get their money out right away or at full value. Unless you are planning on taking your nest egg now to live on (and pay the 30-40% lump sum taxes), you have the option of keeping your balance growing. You may need 30 years worth of retirement income so most people make a tax-FREE transfer to a new job plan or to a rollover IRA at a mutual fund firm. Each time I left my employer, I had the Vanguard custodian receive my old job account directly into a tax-FREE rollover account. This avoids the chance that the old plan clerk tells the IRS that you took the money without paying taxes. It is very difficult to undo a mistake of this sort. You can’t put the “genie back into the bottle.” When the money got to Vanguard, I told the trustee to put it in the same kind of investments I owned in my old 401k. I never paid a dime in tax along the way to a comfortable retirement income.

https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344

Why stocks are the best tool to beat inflation

Inflation is happening now at 6-7% annualized. My 69 cent can of beans went to $ 0.79 in 1 week. Gas, food and rent are more expensive so my income can’t keep up. My fixed income pension and investments have less buying power so I must buy less of everything. I buy half a dozen eggs instead of a dozen. For my readers who have most of their investable assets in low-cost broad-stock market mutual funds, they will be able to keep buying what they have been buying. Their accounts are down only 5% so far. They are not traders or cyber speculators. They expect their total returns from stocks to maintain the average of 10-12% nominal. If inflation returns to the 3% historical average, they gain 7-9% staying ahead of any cost increases. There are no guarantees but as Warren Buffett has done in his will, his heirs will prosper from his mandate of using a low-cost stock fund for retirement growth and income. Low-cost beat high-cost in every period.

Take his advice: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

 Do you need a financial advisor?

The for-profit industry thinks you should pay one $ thousands. But how do you find one who can help you without taking most of your earnings. One industry insider calculated that paying 2% in fees, trading, and poor timing will deprive you of up to 63% of your potential accumulation. Over your life of saving for retirement, you could end up with $ 2 million or less than HALF that. There are money managers, securities sellers, financial planners, RIAs, and discount brokers. You must decide which you need, so ask a lot of questions: costs, taxes, legacy, risks, strategies, large mutual fund firm or small ‘boutique’ firm, DIY or full service, fiduciary or trader, family or lowest bidder firm. Shop around. Maybe you need one of each type. One sales person can’t do it all.

It’s your money: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Congress people make $ millions on stock trading info we don’t have

At ‘work’ Congress people use "insider trading" with their privileged information. We pay their staff to find information on the issues of the day. Example: they learn early which vaxx maker used, which firm will get gov contract for new weapon system, which oil fields will be leased to which oil co, which new gov building built where, etc. They learn which companies will merge, go bankrupt, fail and be investigated before we do. House Rep Pelosi, listed as the eighth biggest trader in 2021, is not the only lawmaker whose disclosures reveal millions of dollars worth of transactions. Congress works the system they create: they write the tax laws about their own businesses, that provide subsidies to their donors, that fund the Import Export bank that supports Boeing, that even pays themselves as gentlemen/women ‘farmers’. This is socialism for the rich and connected. Government helps the wealthy stay wealthy.

Socialism American-style: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

  

?**********ACCOUNTABILITY**************?

  

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

 

Trump admits “sending US to hell”

 

GOP censures terrorist accountability

 

GOP: sedition is 'legitimate political discourse'

 

Justice Dept ‘lawyer’ planned coup

 

Trump flushed coup plan down toilet

 

Pence shines light in the gulags “I am the only one”

 

 

 

How Govt wastes our money:

Who would be against lowering carbon emissions in Biden’s BBB bill? Not people

82nd Airborne deployed to Eastern Europe: Biden draws Putin a line GOP objects

FL GOP nixes abortion for rape, incest: FL GOP will adopt/raise these kids for life

FL to give people right to pick school topics so NOT to give student any “discomfort.”

 

IRS wastes money on facial recognition instead of auditors to catch rich tax avoiders

Government shuts down Feb 18: Congress goes home next week: another work stoppage

Manchin killed clean air part of BBB to keep his biz in coal sales: $500,000/year

We lost $125 million Mars orbiter with simple math error: no one fired

 

SCAMS/SPINS:

Spotify for misinformation: Follow the $100 million:   _____better places for music? 

Guns don’t kill people; people kill people: lock up all the people with guns?   Sure

 

Stop retirement account hackers with help from your investment firm.

 

AL GOP new voting districts cut out Black voters: Supremes agree cut Black votes

NC Supremes: GOP gerrymandering unconstitutional: GOP took away 2 Dem districts

Check the source before you accept what they say: easy to fake it

 

Texas butterfly sanctuary closed after far-right threats: fake reports wake brainwashed

Trump adviser to take over Republican National Committee: more control; more money

 

Canada-MI trucker’s protest is not about mandates: 90% vaxxed: Anti gov protesters

Miracle: all those “deeply held religious belief” anti-vaxx letters $195; same sources?

GOP anti-vaxxers going for 1,000,000 dead: US leads the world: 19,000 a week no vaxx

COVID Orphans—Over 200,000 Children Have Lost Family: NOT a personal choice

 

Covid plague takes out 793 English pub which lasted in wars, famine and last plague

 

Tesla takes out 2 deputies while ‘driver’ watching movie: why let car kill?

Tesla self-driving is a marketing stunt: watch this drive before you buy: killed or kill?

Forget auto driver: Tesla tries to drive down railroad tracks; hit pedestrian, bike lane

 

GOP intimidates voters by sentencing woman to 6 years prison just for registering

 

Sucking kids into gambling with gaming-style aps may cause more additions

6 India-based call centers indicted for placing tens of millions of scam calls

Hyundai, Kia cars can burst into flames: don’t park near buildings: recall 500,000

fake luxury goods from Gucci to Chanel across Facebook, Instagram: know your stuff

 

Nun Mary Margaret Kreuper, 80, caught stealing $835,000 school tuition funds: 1 yr jail

Scott Nicholson caught stealing $471,601 in commodity trades that failed: 3 yrs prison

FURMAN ALEXANDER FORD caught stealing $1.3 million fake docs: 11 yrs prison

 

Michael M. Beck caught talking up stocks on Twitter then selling same for profit: Refund

Product aimed at women cost more: violated the Missouri Merchandizing Practices Act 

Facebook caught breach of anti-money laundering and scam laws

 

Canada Catholic church tortured and killed hundreds of kids: “suffer the little children”

 

Jobs

Protect our grid, financial system, communications from quantum computer hackers?

TD Bank boosts child care and elder care benefits

Which vehicles do thieves like to steal? Not Mercedes, Porsche, Audi

 

Can the 82nd Airborne help EU stop Putin’s invasion of Ukraine?

Dolly will pay your tuition books fees even if you are part time

 

Who owns your account now?

Landlords get around rental increase limits by charging extra “amenity fees”: up 14%

Amazon Prime costs more: Free stuff helps soften the blow

Finally, ‘no-fly’ list of unruly passengers: Unruly will be given parachute: no turn back

 

Jeep Wrangler rated bottom of reliability, noise, mpg, bumps, but loved by drivers

Most and Least Liked Car Brands: Would you buy your brand again?

Retire to best states; avoid the worst states: taxes, health, and quality of life

 

Discovery takes over CNN HBO: Discovery will appoint a new leader of CNN

 

Miracles:

Pence stops bending over: Trump’s plan to cancel Biden result: "un-American.”

Student builds 3D prostheses for injured dogs that give them new life

Spinal Implant Enables Paralyzed Man With Severed Spine to Walk Again

 

8-year-old writes Christmas book, puts in library: 100 waiting to read it: next big thing?

Annette Goodyear, crossing guard, saves student from car speeding in school zone

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

 

Is a registered index-linked annuity right for you?

 

Make the New Year better

 

The easy way to create your $ million retirement fund

Some of my readers use this strategy to build their retirement fund. They use their tax refund (average $3,000) to buy the low-cost 500 Index Fund so they can automatically invest without having to write a check every month. The tax refund happens because they are making sure they don’t owe the IRS any money in April. Their employer deducts the standard amount from their check every pay period. They never see the money deducted—they receive their net pay and have to live on that amount. If forced savings is not for you, the alternative is to have your mutual fund deduct $250 a month from your checking account. After 35 years, your $1 million is tax-FREE using a special account.

https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

Is a registered index-linked annuity right for you?

Registered index-linked annuities use index options to provide both upside potential and downside protection. Insurers are replacing traditional variable annuities that offer living benefits with RILA products. “Insurers indicate that they are using the RILA to pivot away from risky guaranteed living benefits,” according to analysts at Cerulli Associates. Insurers are taking less financial risk by cutting the living benefit option. The living benefit is intended to guarantee the benefit provided, and toward that end, it usually offers guaranteed protection of the principal investment and the annuity payments or guarantees a minimum income over a specified period to you and your beneficiary. Usually the guarantees cost you more and many believe the extra cost is not worthwhile. Insurers are eliminating their financial risk of having to pay more due to unforeseen circumstances. Instead they offer the possibility of your account earning more over time. Variable annuities are popular when the fixed rate of traditional annuities is very low. Currently the fixed rate is under 3% so it does not even cover the inflation rate. Because all annuities come with extra fees and cost, you may be better off using a low-cost balanced mutual fund to meet your retirement income needs.

https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

 

Is a tax-FREE retirement fund right for you?

Since 1998, working people have been able to create a legal tax shelter. Every $1 contributed to this IRS-approved account at your favorite financial institution can grow tax FREE and be withdrawn tax FREE. This means that instead of you paying taxes on the money you take out later, you pay ZERO taxes. Because you have no tax liability on this money, your other income like Social Security may not be taxed. With the old pension system, you had to pay tax on the income because your employer paid no taxes as the pension amount grew. Because you had taxable income when you retired, your Social Security was also taxed. Now some of us who have been using the new system for a while pay no income taxes when we take out this money from our accounts. Thus, by investing $250 a month in a low-cost stock index, after about 35 years, your account reaches $1 million. This money is tax-FREE. Your gains—$895,000 ($105,000 in; $1,000,000 out)—are completely tax FREE.

Use your tax shelter: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Tax withholding part of your IRA distributions is usually required

The IRS is taking no chances so they require distributions to have taxes taken out before you receive your money. Traditional IRA accounts let us defer taxes during our working years. Now the IRS wants their money. If the distribution is in the form of an annuity or similar payments, amounts are withheld as though each distribution were a payment of wages pursuant to the recipient’s W-4 form. For other kinds of distribution, a flat 10% must be withheld by the plan custodian unless a different withholding is elected by the owner. Even though distributions from a traditional IRA may be partly nontaxable because of nondeductible contributions, all withdrawn amounts must be reported to the IRS. Distributions from Roth IRAs are not subject to income tax withholding in most cases. Most distributions are NOT included in taxable income since we paid tax on the income already and the earnings are Uncle Sam’s tax-FREE gift to us for making a nice nest egg. So it is possible for someone to create a totally tax-FREE retirement.

No offshore account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

Most retirees would like to have a higher SS benefit

However, most folks don’t or can’t wait to age 70 to claim the highest benefit for their years worked. In fact, if they used their 401k or pension money first, they could have earned an extra 8% per year in benefits from age 66 [full retirement age] to age 70. Once they begin benefits, they will not increase the benefits unless they keep working. So if they begin at age 62, the earliest possible, they will receive less for the rest of their life. I had no choice but to begin at age 62 due to layoffs and industry cuts. My wife waited to age 70 and receives about double the amount I receive. She also worked past age 70 and was able to increase the benefits each year she worked because she was still contributing to the SS account. Thus to have a higher benefit for the rest of their lives, most retirees must find other income to postpone taking SS benefits. The alternative is to strengthen your invested asset base to supplement your retirement income. This usually involves taking more risk in the securities markets. Most retirees choose to stop working before age 70 and receive fewer lifetime benefits.

https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

 

Retirees save on property taxes

Some states like NJ have a program to help retirees with lower income. Some states offer to property tax relief. FL has homestead exemption. NJ offers a Property Tax Reimbursement Program, also known as the "senior freeze," which reimburses eligible senior citizens for property tax increases. If you qualify, your property tax increases after age 65 are refunded. NJ also has a Homestead Benefit program which provides property tax relief to eligible homeowners. For most homeowners, the benefit is distributed to the municipality in the form of a credit, which reduces your property taxes. This high tax state provides Property Tax Deduction for veterans, seniors and disabled residents. Most retirees do not itemize since the property tax deduction was limited in 2017. Some retirees with high property taxes have found other means of offsetting their high property tax burden.

Use all your tax credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

 

‘Democracy’ à la Dark Money

 

“Follow the money” elections

 

Sedition: Fake Trump Elector Criminals

 

Trump: “I’ll pardon” seditionists: ‘stuff of dictators’

 

Trump’s ripped up sedition-plot papers

 

 

UN-United States; 2 Americas

 

New GOP rules: Some voters wait 10 hours

 

 

 

How Govt wastes our money:

Judge stops Big Oil from drilling for Gulf oil/gas: court fight not over: oil profits up 

Biden moves to war stance in Europe: Putin scared or challenged: Freedom fighters

9 TN cops blast mental man off side of road: Taser not used: use tranquilizer gun?

 

70,000 US troops in Europe: Biden starts with 8,500 moved to Putin’s border

Manchin decided the domestic legislative agenda is “dead”: GOP rules

Taxpayers (our Fed bank) bailed out biz in pandemic: $25 million bonuses Wall Street

 

Bezos deducts his costs: moving bridge to get his ship out of builder’s dock

Workers stuck with $30 Trillion debt: IRS can’t even collect taxes owed by rich

 

SCAMS/SPINS:

“I would rather die” without new kidney than get Covid vaxx: totally brainwashed!

Truckers 90% vaccinated still stage protest: halt traffic in Ottawa

Putting fake words in celebs’ mouths: easy to lie to convince the convinced 900,000

Hospitalizations 23 times higher among unvaccinated than those who got boosters

 

Sports betting: scam or new tax? AZ workers lost $51 million in one month: desperation?

Foil the granddaughter/son scam: ask for specifics!

Companies that suppress our reviews may be fined: when all reviews are 4 stars: scam?

Is your cereal just salt and sugar? CR blasts them apart

 

Trump raises $122 million to buy next election or pay his legal fees?

 

Jeff Bezos raises Prime price $139 to pay for his 2^nd yacht and move bridge: copter yacht

Paul R McGonigle MA caught stealing retirees annuity accounts:

Empowered Diagnostics tests caught producing a false Covid result: not approved

 

doTerra distributors caught treatment/prevention of COVID: FTC warning; snake oil

SlimFast caught claims weight-loss “clinically proven lose weight/keep it off” no proof

HELLO FRESH’S ’17 FREE MEALS’ caught Not Free: buy 6 months 3 meals: $100s

 

Agora Financial caught claim single month trading penny stocks $39,587: just B.S.

Cold/Flu meds caught claim ‘non-drowsy’: false: ingredient DXM makes sleep

KASHI RIPE STRAWBERRY BREAKFAST BARS caught actually colored apple/pears

 

EMAX tokens caught false celebrity adverts to raise price: ‘pump and dump’ cyber coins

FINRA securities regulator allowed one party to fix list of arbitrators in WellsFargo favor

Annuity agents sue regulator after it requires them to sell ‘best’ product for client not fees

 

Remodeling fantasy: new kitchen $20,000 “in few weeks” takes 5 months $50,000: scam?

Tesla pilot automatically runs through stop signs: no refund on ticket/crash: brakes at 60

CA may allow victims to complain to medical boards re bad doctors: 1^st time in history!

 

Are police liable if they don’t stop their boss from killing arrestee? Nazi defense invalid

A gun as personal protection is a myth; you can never get it out faster than killer has done

 

Rents up 30-40%: finding new space on $15 hour stress—avg $3,000 FL, TX, NY

Coffee, soda, burgers, fries: Cheap date prices up 8-10%: DIY back in style?

 

Cruz “offended” by thought of Black woman as Supreme: race useful for fundraising

GOP: silent assent to Trump’s VP canceling the 2020 election results: silence means OK

 

Jobs

Pay hike 4.7% but price hike 7%: we are left with loss of 2.3%: specialty work OK

Brady quits: retiring after a loss—not in his blood: GOAT fun to watch

Is the ‘Space Force’ real? Airline clerk only seen Carell comedy. Only TV show!

 

Best jobs in 2022: tech— flexible work arrangements and six-figure salaries. 

 

Who owns your account now?

Some insurers can estimate/validate auto claim in seconds: get repair started same day

Social Security offices remain closed until at least mid-April: call and fax docs

Win $200 for spending $750: no annual fee: cash back: how can we lose?

 

IRS taxable income: disability income, SS benefits, free trips, canceled debt, tax refunds

File tax return FREE: income to $73,000: IRS too busy to catch mistakes

Clean up your credit report: https://www.annualcreditreport.com/index.action

 

Capital One: best all-around bank for online savings: interest, plus no fees

 

Miracles:

2 year old saves 6 family members from smoke: Covid takes away your smell of smoke

Remain young: wealthy to buy a new lease on life: reprogram to embryonic stem cells

No Surprises Act prevents billing by ‘walk-thru’ doctors: except ambulance fees

 

Tree hits man in car just where the tree did NOT fall on him: gift of life

Trump’s postmaster just delivered birthday card mailed December 23: 30 days late!

A Putin chicken broke into the Pentagon spying for some intel “chicken feed”

 

Cancer lymphocytic leukemia cured by CAR T cell therapy

Great Salt Lake soon with NO water; Olympics with NO snow: snow in Greece Turkey

 

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

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